Life After Undergrad: Nursing School Edition | 05.07.10

Posted in Graduate Loans By Student Loan Network Staff

They may not get the white coat or the prestige of being called “Doctor”, but nurses are as invaluable to the health community as anyone. Often times, nurses do as much, if not more, for patients than doctors (at least that’s what my nurse friends tell me).

Anyone who chooses nursing as a career path realizes that becoming a nurse is a great opportunity to help patients and potentially save lives. If you are interested in a career in medicine and have top-notch bedside manner, paying for nursing school might seem tricky, but there are a number of fine student loan options:

Federal loans. Many of the same federal loan options available to you as an undergraduate are still an option for attending nursing school. Just fill out a new FAFSA application to determine your financial aid need.  You can borrow up to $20,500 ($8,500 of which can be subsidized) and the loan carries a 6.8 percent interest rate. You can also file for a Grad PLUS loan, which allows you to borrow up to the cost of education minus any other financial aid. The Grad PLUS loan carries an 8.5% interest rate.

Private Loans. If federal loans combined with any grants/scholarships -visit Student Scholarship Search for the Internet’s largest source of nurse-specific scholarships -  for which you may be eligible are not enough, you may consider private loans to cover some of the cost of a nursing school education. Private loans let you borrow right up to the full cost of attendance.

Repayment options: One of the perks of becoming a nurse is the added eligibility of a loan forgiveness program. As the demand for nurses grows,  the federal and state governments are offering to help pay back some of your student loan debt. Typically, the amount the government pays is dependent on the need of the area and the number of years you are willing to work there. Contact the Health Resources and Services Administration at 1-800-221-9393 for more details.

ScholarshipPoints code: NURSE

Image credit: jenny morros on Flickr

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22 Responses to “Life After Undergrad: Nursing School Edition”

  1. Katherine says on June 6, 2010 at 11:17 am:

    this information is really helpful, I don't want to be a nurse but it helpful to anyone

    Reply To This Comment
  2. Marie says on June 4, 2010 at 3:04 pm:

    Be a Nurse is great, but it is just not for everybody

    Reply To This Comment
  3. Cindy says on June 4, 2010 at 12:47 am:

    ah! i'd love to be a nurse!

    Reply To This Comment
  4. Katrina says on May 24, 2010 at 4:49 pm:

    my mom wants me to switch my major to nursing.. but i dont want to be a nurse.. i want to be a doctor but i guess i could give it a try

    Reply To This Comment
  5. Shafina says on May 19, 2010 at 11:31 am:

    I'd be a nurse if I can't get into any thing else. Would look good if i wanted to major in medicine.

    Reply To This Comment
  6. e.turner says on May 18, 2010 at 5:03 pm:

    I so want to become a nurse ..Im a hands on persons who understands change and pain…

    Reply To This Comment
  7. Brittany says on May 14, 2010 at 6:00 pm:

    I was originally at school for nursing but now i am torn between nursing and physical therapy. this is really helpful though

    Reply To This Comment
  8. Natasha says on May 14, 2010 at 3:49 pm:

    I'm not going into nursing, but this is cool and interesting because I do have a friend who just became a nurse this semester!

    Reply To This Comment
  9. Memo says on May 14, 2010 at 2:36 am:

    I' m going for my nursing right now. man its a lot of work i tell you. sometime i feel like the doc aren't doing nothing

    Reply To This Comment
  10. SNemo says on May 13, 2010 at 6:56 pm:

    I have a lot of friends that are looking into the nursing field. This is helpful information for them.

    Reply To This Comment
  11. Victoria says on May 12, 2010 at 11:25 pm:

    Very helpful information. I am a prospective nursing student!

    Reply To This Comment
  12. matt says on May 12, 2010 at 4:31 pm:

    Everyone is saying they would like to be a nurse. I am a nurse. Just do it! Loan repayments ect are available from the government and if you go into rural nursing or the Indian Health Services for underserved areas, they will pay the bill!

    Reply To This Comment
  13. Patricia says on May 12, 2010 at 12:57 am:

    My mom is a nurse too!

    Reply To This Comment
  14. lacey says on May 11, 2010 at 11:19 pm:

    it's true that nurses play a big role in hospitals and other places but i don't think that i'd like to take out a loan. i know i'm going to have to either way but with the information posted on here makes me feel a little more comfortable.

    Reply To This Comment
  15. ashleigh says on May 11, 2010 at 12:02 pm:

    My mother is a nurse and years back the same rules applied

    Reply To This Comment
  16. bcheatham91 says on May 10, 2010 at 10:30 pm:


    Reply To This Comment
  17. Ashleigh says on May 10, 2010 at 5:13 pm:

    good info to have
    nurses play big roles on the hospitals staff

    Reply To This Comment
  18. Gibby says on May 8, 2010 at 3:24 pm:

    this is really great! i plan on being a nurse, but have no idea how im going to afford it.

    Reply To This Comment
  19. April says on May 8, 2010 at 2:40 am:

    i agree that nurses are as important as doctors, but doctors go through more training and schooling then nurses, maybe thats why they get more respect and are valuable.

    Reply To This Comment
  20. Nia says on May 8, 2010 at 12:45 am:

    I hope to become a nurse.

    Reply To This Comment
  21. maira72 says on May 7, 2010 at 8:58 pm:

    I will really like to be a nurse

    Reply To This Comment
  22. maira72 says on May 7, 2010 at 8:58 pm:

    really good information i would love to be nurse

    Reply To This Comment

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